MoonX's security standards protocol adds a compliance layer upon existing public blockchain technology, thus enabling the exchange of tokens only when compliance requirements are met.
In other words, the security token protocol used by the MoonX platform embeds compliance requirements in the tradable tokens, making them available only to verified users. The surface layer allows the permanent address for the token to be maintained on the blockchain.
This underlying feature permits the token to be upgraded in real-time with the regulatory changes from time to time. The second layer is known as the compliance layer where rules on transfers are monitored and the regulatory requirements are updated. This layer undergoes a timely refresh to update with specific requirements issued by the regulatory bodies. The third layer, also known as the data layer, maintains the core ownership data associated with securities and instantly updates the information whenever ownership changes take place. It can be termed as the dynamic registry of the MoonX security protocol. The data layer is backed by a strong security architecture that safeguards customer data from any form of exposure on the chain.